Hannover Rueck SE (Hannover Rueck SE) Interest Expense : $-170 Mil (TTM As of Dec. 2023)

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What is Hannover Rueck SE Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hannover Rueck SE's interest expense for the three months ended in Dec. 2023 was $ -72 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-170 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Hannover Rueck SE's Operating Income for the three months ended in Dec. 2023 was $ 191 Mil. Hannover Rueck SE's Interest Expense for the three months ended in Dec. 2023 was $ -72 Mil. Hannover Rueck SE's Interest Coverage for the quarter that ended in Dec. 2023 was 2.64. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hannover Rueck SE Interest Expense Historical Data

The historical data trend for Hannover Rueck SE's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hannover Rueck SE Interest Expense Chart

Hannover Rueck SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-110.63

-124.88

-111.10

-106.89

-171.87

Hannover Rueck SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-39.09	-34.15	-35.43	-28.50	-72.30

Hannover Rueck SE Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-170 Mil.

Hannover Rueck SE (OTCPK:HVRRY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hannover Rueck SE's Interest Expense for the three months ended in Dec. 2023 was $-72 Mil. Its EBIT for the three months ended in Dec. 2023 was $191 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,317 Mil.

Hannover Rueck SE's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	190.622	/	-72.301
	=	2.64

The higher the ratio, the stronger the company's financial strength is.

Hannover Rueck SE (Hannover Rueck SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hannover Rueck SE (OTCPK:HVRRY) » Definitions » Interest Expense

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Traded in Other Exchanges

HNR1d:UK 0M9A:UK HNR1:Germany HNR1:Austria

Address

Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625

Website

https://www.hannover-re.com

Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftplichtverband founded Eisen- und Stahl to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftplichtverband and Aktiengesellschaft fur Transport und- Ruckversichering was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx on Jan. 1, 2019. Hannover was listed in the '90s on the Frankfurt Stock Exchange.